“The transaction will take place through an auction and the winner will be chosen from the best bids of asking prices for purchase or rent, combined with other relevant conditions. Tenders can be submitted by July 16 together with eligibility documents, including letters of guarantee. The entities concerned can submit bids for the whole package of 24 properties or for a subpackage of 17 properties,” reads a company’s press release quoted by Mediafax.

The buildings are located in Bucharest (12 properties), Timisoara (3), Ploiesti, Oradea, Constanta (2 buildings each), Ramnicu Valcea, Sibiu and Bacau (1 each). The amounts obtained will finance the investment needed to conduct telecom activities.

Last year, Telekom Romania sold 28 real estate assets for EUR 11.6 million.

Telekom Romania provides complete landline and mobile telecommunications services. The Deutsche Telekom brand is present on the Romanian market since 2014, after the rebranding of Romtelecom and Cosmote Romania. (source: business-review.eu)